Question: 24. When an auditor has a question concerning a clients ability to continue as a going concern, the auditor considers managements plans for dealing with

24. When an auditor has a question concerning a client’s ability to continue as a going concern, the auditor considers management’s plans for dealing with the situation. That consideration is most likely to include consideration of management’s plans to

a. Decrease ownership equity.

b. Dispose of assets.

c. Increase expenditures on key products.

d. Invest in derivative securities.

APPENDIX A: AUDITING AND ATTESTATION SAMPLE EXAMINATION 1219

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